The Global Automated Test Equipment Market accounted for US$ 5.06 Bn in 2017 and is expected to grow at a CAGR of 5.5% over the forecast period 2018-2025, to account for US$ 7.75 Bn in 2025.

The demand for automated test equipment is largely influenced by a number of factors such as design complexities of consumer electronic devices demanding for a more robust testing method; proliferation of IoT and connected devices across industry verticals; and increasing automation integrations in the highly prominent manufacturing sector worldwide.

The automated test equipment market is fragmented with the presence of several automotive manufacturer and the competitive dynamics in the market is expected to change during the upcoming years. The development of autonomous vehicles is being witnessed with some of the renowned car manufacturers collaborating with the technology leaders for it to be conceptualized.

Autonomous vehicles have evolved on the platform built by ADAS. Companies like Ford, General Motors, Nissan, Tesla, Mercedes, Honda and other major manufacturers have been investing billions of dollars in the research & development of these cars. Also, technology giants like Apple, IBM, and Intel have further collaborated with the leading auto manufacturers to remain competitive. Such integration will create significant opportunities for the companies to leverage an increasing growing automated test equipment market.

On the basis of type, memory chip based testing segment is the leading is anticipated to continue its dominance during a majority of the memory chips and the associated devices have witnessed profound attractiveness in the consumer electronics, automotive, aerospace & defense, and healthcare industry verticals for different applications.

The increasing demands for these devices is proportionate to thegrowing demands for testing the memory based devices and hence, the memory chip based testing devices command a larger market share in the automated test equipment market. Rising productions of higher-speed and higher-capacity memory semiconductors to be integrated in the data centers is further anticipated to boost the demands for memory test systems.